OBV with an extra twist.
Add up to 4 moving averages and choose from simple, exponential, smoothed, etc.
Choose to display a trend fill. Fill will be green when above the MA4 or red when below it. If the difference between the MA1 and MA4 is growing, the trend fill will be a more solid color indicating a strengthening trend. If the gap is lessening, it will...
When it comes with On balance volume we have only line Indicator
It's difficult to identify what happening
So this indicator will help to identify what happening in On Balance Volume with Candle stick pattern
You can add SMA as well as EMA in code accourding to your strategy
Thank you
A comparative version of the previously published Stochastic Structure Analyzer. It incorporates the 3-TF stochastics against both price and OBV values of the spread.
note* If you've used my "+ Rate of Change Indicator", I am updating that without the OBV, which has been moved here. Just an FYI.
This "indicator" is basically a variety of indicators that measure volume, or accumulation/distribution. There's a bit of a story about how this came about but
it's not that interesting, so I'll spare you.
Indicators from which you...
The On Balance Volume + Moving Average Strategy
Parameters: 1H candles, ETHUSDT on BINANCEUS, commission percent uses Binance's maker/taker fees of 0.075%
Strategy: I create a 30 day moving average of the On Balance Volume "obvSma = ta.sma(ta.obv, 30)." Then I use the following buy conditions:
OBV crosses above the OBV moving average
The obv drops x%...
A handy little indicator to help identify different kinds of convergences/divergences
The indicator compares price movements with the momentum and volume movements, Hidden divergences are left out, at least in the first version, because I wanted this indicator to be as simple as possible.
The divergences are shown with labels, user can change the...
Enhanced the original OBV (On Balance Volume) indicator:
- Draw max lines of OBV in the last 30 candles so that we can notice the trend, as well as divergences easier.
- If you use fiat as base currency (USDT in cryptocurrency for example), we can display the OBV in fiat, so that we can compare total trading volume across a list of symbols to find healthy symbols...
This is On-Balance Volume recalculated to be an Oscillator, a Divergence hunter was added, also Pivot Points and Alerts.
On-Balance Volume, or OBV is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The...
OBV is provided as a built-in by TradingView.
This contribution grew out of reading about trend discovery, and since the library kept on this end was lacking in a volume-centric indicator, it looked like a good time to play around.
This approach isn't all that much different than many others with the possible exception of its color scheme.
Should you decide to...
The Rate of Change, or RoC, is a momentum indicator that measures the percentage change in price between the current period and the price n periods ago. It oscillates above and below a zeroline, basically showing positive or negative momentum. I applied the OBV's calculation to it, but without the inclusion of volume (also added a lookback period) to see what...
This is a full strategy designed for forex major pairs, specially EUR/USD using 1h time frame chart.
Its components are
200 EMA
MACD
OBV
PSAR
RIsk management with tp and sl movements
Rules for entry
For long = Previous histogram from MACD was below 0 and current one is above 0. CLose of a candle is above EMA 200 , OBV oscillator is negative and we have an...
This simple indicator improves upon the built in volume indicator by adding the following:
-Option to use an EMA instead of SMA
-Advanced Coloring: Lighter bars show growing volume, darker bars show falling volume. Gray bars show very low relative volume (less than or equal to 50% of the moving average), while bars which have a highlighted background have a high...
CVO: Cumulative Volume Oscillator allows you to choose between 3 types of oscillators based on volume indicators:
-OBV (On Balance Volume)
-CVD (Cumulative Volume Delta)
-PVT (Price Volume Trend)
Being a volume based oscillator this indicator allows for the detection of divergences between price action and volume, ideal for predicting reversals.
As an oscillator...
Love volume analysis but it's hard for you to implement a simple strategy by it?
Use OBV.
Is OBV still not quite as it should be for you to get it in your trading system?
Use OBV Oscillator.
Does OBV Oscillator give you too many false signals and when you smooth it, it lags by a ton?
Then this indicator is the answer to your problem.
Introducing the...
